American Express has won approval for a clearing and settlement license from the Chinese central bank, allowing it to become the first foreign card scheme to be granted direct access to China’s bank card market. read more

NYSE-listed online small business lender OnDeck has announced third quarter 2018 net income of US$9.8 million, an improvement on the net loss of US$4.1 million in the comparable period last year. read more

Thousands of National Australia Bank shareholders who acquired ASX-listed scrip in the CYBG PLC business that was spun out of the group three years ago could soon lose control of the company after British courts approved a buyout of the Virgin Money operation in the UK. read more